Cogoport, which claims to be India’s leading digital freight logistics business, has announced a significant expansion of its portfolio of services to accommodate imports from Asia. This will begin with services connecting India with ports in China and is to be followed by others across the Asia region.
Purnendu Shekhar, Founder and Chief Executive of Cogoport, says: “Our customers tell us that Cogoport is already saving them between 10-15% on their logistics costs and around 40 man hours per booking for export shipments. With the launch of this import product, a natural second phase progression for our digital platform, we are meeting demand from importers who can now harness our technology for an efficient, cost-effective and transparent freight shipping process. With just a couple of clicks importers can now benefit from an immediate choice of comparative prices from a range of premium shipping lines on our Cogoport platform, and at the same time be rewarded for being partners in this digital transformation.”
Cogoport says it has experienced a huge demand for inbound shipment services, most notably from China into India, and as a result of its recent initiatives it will now be able to satisfy significant demand for those cargo shipments. The movement of cargo from other points across Asia into India will follow shortly.
In less than two years since its launch in 2017, Cogoport says it has attracted more than 25,000 registered exporters and importers, largely but not exclusively small and medium-size enterprises, matching them with pricing from over 40 major international shipping line partners. It also works with more than 40 non-vessel operating common carriers (NVOCCs) and 300 freight forwarders.
Headquartered in Mumbai, and with 12 offices across India and the Netherlands, Cogoport employs 450 people and is growing on average by 25% month on month, it claims.